Tech Mahindra Q4’23 Revenue up 19.4% YoY | Tech Mahindra

Insights Press Releases Pune | Apr 27th, 2023 : Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering services today announced the audited consolidated financial results for its quarter and year ended March 31st, 2023.Financial highlights for the Year (USD)Revenue at USD 6,607 mn; up 10.1% YoYEBITDA at USD 990 mn; down 8.0% YoY;Margins at 15.1%; down 290bps YoYProfit after tax (PAT) at USD 595 mn; down 20.3% YoYFree cash flow at $ 497 mn, conversion to PAT at 84%Financial highlights for the year (₹)Revenue at ₹ 53,290 crores; up 19.4% YoYEBITDA at ₹ 8,029 crores; up 0.1% YoY;Margin at 15.1%; down 290 bps YoYProfit after tax (PAT) at ₹ 4,832 crores; down 13.2% YoYEarnings per share (EPS) was at ₹ 54.57The Board has recommended a Final Dividend of ₹ 32/- per share, taking Total Dividend for FY’23 to ₹ 50/- per share.Free Cash flow of ₹ 4,002 CroreFinancial highlights for the quarter (USD)Revenue at USD 1,668 mn; flat QoQ, up 3.7% YoYRevenue gr...